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Amazon is on pace for its worst week in six months

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Amazon is on pace for its worst week in six months

Amazon stock slid on Friday morning, bringing it down more than 8% for the week, as a broader market sell-off pressured technology stocks.

Axar.az reports that if it remains down more than 8%, it would mark Amazon’s worst one-week performance in six months, since July 30, 2021, when shares fell 9%.

Markets dropped Friday as investors grappled with the prospect of higher interest rates and mixed company earnings reports.

The tech-heavy Nasdaq Composite slumped 0.5%, and the S&P 500 declined 0.1%. The Dow Jones Industrial Average was up 0.1%, after falling by 0.5% at the open.
Date
2022.01.21 / 23:31
Author
Axar.az
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